South Korea is speeding up development of its small modular nuclear reactor, meant to be sold to developing nations to provide safe, baseload power.

SMART is a 330 MWt pressurized water reactor, designed to generate up to 100 MWe for thermal applications such as seawater desalination. It is more cost-effective and safer than the current generation of conventional reactors.

"SMART will be a reactor suitable for developing countries that do not have large-capacity transmission and distribution power grids," Seoul's Yonhap News Agency quoted a government official as saying.

...The establishment of the SMART consortium is part of the larger South Korean goal of becoming one of the top three exporters of nuclear reactors, along with the United States and France, by 2030. _TradingMarkets